- Web Desk
- 28 Minutes ago

Gold extends rally to reach fresh record high in Pakistan
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- Web Desk
- Sep 01, 2025

KARACHI: Gold prices in Pakistan surged to another all-time high on Monday, September 1, 2025, extending the strong upward trend that dominated the final stretch of August.
According to the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA), the price of gold per tola climbed by Rs3,300 during the day to settle at Rs370,700. The price of 10 grammes rose by Rs2,829 to reach Rs317,815.
The fresh rally comes just two days after gold touched Rs367,400 per tola on Saturday, following a sharp daily gain of Rs3,600.
Global momentum lifts local market
The surge in domestic prices was in line with the international trend. Global gold prices increased by $33 on Monday, with the metal trading at $3,480 per ounce (including a $20 premium), the highest level since late April. Spot gold gained 0.7 percent to $3,470.69 by 0238 GMT, while US gold futures for December delivery rose 0.8 percent to $3,543.70.
Silver also enjoyed a strong rally. In Pakistan, silver gained Rs101 to reach Rs4,303 per tola. On the global stage, it climbed 1.6 percent to $40.31 per ounce, a level last seen in September 2011.
August’s shifting trend
Gold’s current momentum comes after a month of sharp swings. In early August, the market was under pressure, with prices slipping from Rs358,800 on August 11 to Rs356,200 on August 16. A small rebound on August 18 briefly pushed rates back to Rs357,700, but by August 20, prices had dipped again to Rs355,200.
The final 10 days of the month marked a turning point. From Rs360,700 on August 26, gold gathered steady strength, climbing daily to Rs362,600 on August 28 and Rs363,700 on August 29. The rally intensified on August 30 when prices jumped by Rs3,600 to close the month at Rs367,400.
When compared with the start of the month, when gold stood at Rs352,900 per tola, the precious metal has added Rs17,800 over the past 30 days.
Drivers of the rally
Market watchers link the sustained gains to rising expectations that the US Federal Reserve will cut interest rates later this month, a move that would boost demand for safe-haven assets like gold. With global investors betting on easier monetary policy, both gold and silver are drawing increased interest.
Pakistan’s gold market appears firmly on an upward path, with jewellers and investors watching international cues to gauge how long the rally may last.
